Fed Not Likely To Raise Rates Soon
Washington, DC, Nov. 5, 2009--Federal Reserve officials gave no indication that it will raise interest rates anytime soon, saying an increase will depend on when the labor market and inflation pick up.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Jobless Claims Fall, Productivity at 6-Year High
Washington, DC, Nov. 5, 2009--Initial jobless claims fell by 20,000 to a seasonally adjusted 512,000 in the week ending Oct. 31, the Labor Department reported Thursday.
Survey Sees Commercial Real Estate Bottom in 2010
Washington, DC, Nov. 5, 2009--The U.S. commercial real estate market is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants.
Homebuilder Pulte Sees Continuing Challenges
Bloomfield Hills, MI, Nov. 5, 2009--Pulte Homes reported a net loss of $361.4 million, or $1.15 a share, compared with a year-earlier loss of $280.4 million, or $1.11 a share.
Lumber Liquidators Reports Earnings
Toano, VA, Nov. 4, 2009--Lumber Liquidators, Inc. said that third quarter net income increased 42.1% to $7.8 million, or $0.28 per share, compared to $5.5 million, or $0.20 per sharea year ago.
Ulster Carpets Expands Into Middle East
Belfast, Northern Ireland, Nov. 4, 2009--Ulster Carpets is expanding into Dubai in an effort to tap into the new market for the company.
Roppe Gets State Loan for Ohio Expansion
Fostoria, OH, Nov. 4, 2009--The Ohio Department of Development has awarded Roppe Corp.a $1.3 million loan for renovations and expansion.
IICRC Begins Work on Carpet Inspection Guide
Vancouver, WA, Nov. 4, 2009--The Institute of Inspection, Cleaning and Restoration Certification (IICRC) will begin drafting the R800 Reference Guide for Carpet Inspection.
Mannington Named NAWBO Company of Year
Salem, NJ, Nov. 4, 2009--Mannington Mills has been named 2009 Company of the Year by the South Jersey chapter of the National Association of Women Business Owners (NAWBO).
Expanko Flooring Certified for Recycled Content
Coatesville, PA, Nov. 4, 2009--Cork producer Expanko's Reztec flooring has been certified by Scientific Certification Services for recycled content.